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(d) Ex-Store—If, when goods are placed in cold store, the
holder does not wish to reserve them for his own stalls or shops,
if he has any, he sells either *“ ex-store ”’ or *“ delivered to market.”
[n the first case, the seller merely makes the sale at the price
fixed per Ib. He informs the stock clerk in his office, who issues
a delivery order in favour of the buyer; this calls upon the store
to deliver to the buyer the quantity and quality named. The
order, together with a provisional invoice, is sent over to the
buyer who pays a cheque on account. The invoice must be
provisional because as the sale is on ex-store weights, these cannot
be ascertained until the goods are drawn. When the buyer has
received his delivery order from the seller, he lodges it with the
cold store. He can then draw as he requires. At the time of
the sale, the seller informs the buyer of the number of days he
is allowed in which to draw the goods. This is termed the
period of “free storage,” at the end of which time, after notice
has been sent to the buyer, the seller may instruct the cold-store
company to weigh, at the buyer’s expense, any meat remaining
undrawn. The object of this is to obtain the weights for final
invoice purposes, and also to transfer any further storage charges
to the buyer. When the buyer sells the whole parcel, or any
part of it, he himself issues delivery orders on the store for any
quantity within the limits of his purchase.
In selling “delivered to market,” the seller defrays the
charges incurred in placing the goods on any stall in the market
which the buyer may direct. These amount to 4d. per stone
of 8 lb., so that the difference in price between an ‘ ex-store ”
and a “ delivered ” sale amounts to one-sixteenth of a penny
per Ib. Frequently a buyer will buy goods on a delivered basis
and sell them at the same price ex-store, i.e., his profit is 3d. per
tone.
ie) Ex-Stall— This term is applied to sales by a market
stallholder to retail buyers. It calls for no explanation.
(ii) Surveys on Arrival. (a) For Insurance.—On the arrival
»f meat at a port in this country, it is usually surveyed by two
expert surveyors for the assessment of damage for insurance
purposes. As, however, the insurance contract covers a period
of usually sixty days in cold store, the survey is sometimes
postponed until this period has almost expired so as to include
any damage which may have occurred in the cold store itself.
The insurance covers damage arising from faults in the refrigerating
machinery, damage through sea-water getting into contact with
the meat, and broken shanks and mis-shapen carcases due to
faults in handling and packing. The surveyors, one of whom
represents the underwriter and the other the owner of the goods,
=xamine 10 per cent. of the parcel, taken * as it rises,” %.e., not
specially selected, and assess the damage over the whole con-
signment on the basis of the condition of the proportion examined.
The two survevors must agree as to the assessment of damage;
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